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 own or barter or combine or compete without injury to themselves. Just as a State might own all the guns lest people should shoot each other, so this State would own all the gold and land lest they should cheat or rackrent or exploit each other. It seems extraordinarily simple and even obvious; and so it is. It is too obvious to be true. But while it is obvious, it seems almost incredible that anybody ever thought it optimistic.

I am myself primarily opposed to Socialism, or Collectivism or Bolshevism or whatever we call it, for a primary reason not immediately involved here: the ideal of property. I say the ideal and not merely the idea; and this alone disposes of the moral mistake in the matter. It disposes of all the dreary doubts of the Anti-Socialists about men not yet being angels, and all the yet drearier hopes of the Socialists about men soon being supermen. I do not admit that private property is a concession to baseness and selfishness; I think it is a point of honour. I think it is the most truly popular of all points of honour. But this, though it has everything to do with my plea for a domestic dignity, has nothing to do with this passing summary of the situation of Socialism. I only remark in passing that it is vain for the more vulgar sort of Capitalist, sneering at ideals, to say to me that in order to have Socialism "You must alter human nature." I answer "Yes. You must alter it for the worse."

The clouds were considerably cleared away from the meaning of Socialism by the Fabians of the